Vietjet share soars 20 percent in first session

After the low-cost Vietnamese carrier Vietjet has completed its public listing and officially become a fully-listed entity on the Ho Chi Minh City Stock Exchange (HOSE) yesterday, its shares increased by 20 percent from VND90,000 to VND108,000 during the first session.

After the low-cost Vietnamese carrier Vietjet has completed its public listing and officially become a fully-listed entity on the Ho Chi Minh City Stock Exchange (HOSE) yesterday, its shares increased by 20 percent from VND90,000 to VND108,000 during the first session.

The first airline in Vietnam to be listed on HOSE, Vietjet has a chartered capital of VND3 trillion with VND90,000 per share. That would mean Vietjet’s capitalization would stand at VND27 trillion ( US$1.2 billion), accounting for 1,5 percent of HOSE capitalization as of February 15, 2017.

Vietjet, the first privately-owned commercial airline in Vietnam, and one of the most efficient carriers in the world, had started to generate profits in its second year of operations. Its revenue in 2016 was VND27,532 billion (USD1.21 billion) with a net profit of VND2,394 billion (USD105 million) with an earnings per share of VND8,762.

By Hanh Nhung - translated by Uyen Phuong

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.

 

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.